Any real estate investors here?
06-09-06, 01:44 AM
#26
Rotary Freak
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Originally Posted by wackyracer
there is a differnce between owning SFR for rent VS MFR or 5+ apartment bldgs.
To answer eatmyclutch, positive cash flow or at least a DCR of 1.20 is #1 on the list followed by the borrower's real estate ownership and management experience.
With the cash reserves or liquidity, anyone can just say "**** IT" and let it go as in the events after the Northridge Earhquake....the beginning of non-stop BK and REO's.
Current market have stabilized, thats all.
To answer eatmyclutch, positive cash flow or at least a DCR of 1.20 is #1 on the list followed by the borrower's real estate ownership and management experience.
With the cash reserves or liquidity, anyone can just say "**** IT" and let it go as in the events after the Northridge Earhquake....the beginning of non-stop BK and REO's.
Current market have stabilized, thats all.
06-09-06, 04:02 PM
#28
Rotary Freak
Yes but a good agent can get MLS listings that have not came out yet. Like I said Im old fashiooned. I buy undervalued property and hold. Foreclosures flips and REO's are nice but common most poeple don't know the business that well, have contractors, in tight with construction companies, lawers, bird dogs exc.
Ameripro Funding, subwriters are Fannie Mae.
Ameripro Funding, subwriters are Fannie Mae.
that's funny!..............................i see you buying KY jelly.
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